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Cathay Pacific buys back Qatar Airways stake for HK$6.97bn

Cathay Pacific is acquiring the 9.57% stake held by Qatar Airways for a total of HK$6.97 billion (HK$10.8374 per share). The buyback price is 3.9% below Wednesday's closing price and 20.6% below the price Qatar Airways paid in 2017. Upon completion, Cathay Pacific expects to have sufficient cash to finance its operating business. » More on de.investing.com